Intranet as a Service Market to Touch USD 40.74 Billion at 13.82% CAGR by 2030 – Report by Market Research Future (MRFR)

Market Analysis 

The intranet as a service market will touch USD 40.74 billion at a 13.82% CAGR by 2030, as per the new Market Research Future report.

Key Players 

Eminent industry players profiled in the global intranet as a service market report include The Attollo Group Ltd. (UK), Akumina, Inc. (US), Perficient, Inc. (US), Powell Software (France), Beetroot AG (Switzerland), HUBFLY (US), Happeo (Finland), Aurea, Inc. (US), Elastic Solutions (Poland), Withum Smith+Brown, PC. (US), DevFacto (Canada), Livetiles Limited (US), Involv (France), Wizdom (Denmark), and ElevatePoint (US).

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Intranet as a Service Market Report Scope:

Drivers 

Growing Adoption of Cloud Computing to Boost Market Growth 

The Intranet as a service market is anticipated to increase as more businesses utilize cloud computing technologies to store and access organizational data on a cloud platform.

Opportunities 

Better Flexibility in Operations to offer Robust Opportunities 

Increased flexibility in operations as well as digital workplace solutions will provide lucrative opportunities for this market in the assessment period. 

Restraints and Challenges 

Resistance by Employees to Use New Technologies to act as Market Restraint 

The resistance by employees in adopting new technologies, technical complexities, and data security risks may act as market restraints in the forecast period.

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Market Segmentation 

The intranet as a service market is bifurcated based on vertical, organization size, services, and offering. 

By offering, solutions will lead the market in the forecast period. 

By services, the intranet as a service market is segmented into implementation services, deployment, professional services, and other support services. 

By organization size, SMEs will domineer this market in the assessment period. 

By vertical, the intranet as a service market is segmented into manufacturing, education, media and entertainment, travel and hospitality, defense, government, BFSI, IT and Telecom, and others. 

COVID-19 Analysis

Over the past five years, businesses have gradually adopted intranet as a service, but the COVID-19 disruption created an explosion. The IaaS market is growing significantly, and people’s lifestyles are changing significantly. Due to the recent digital disruption and the coronavirus-induced shift to remote work, many businesses are in need of new and improved methods of interacting with their staff. Additionally, a lot of office workers have underlined the necessity of an organization intranet and improved staff communications in general. As a result, the market for intranet as a service is receiving a lot of momentum, which is enabling the market to attract large investments.

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Regional Analysis 

North America to Head Intranet as a Service Market 

North America currently dominates the worldwide intranet as a service market and will hold that position during the evaluation period. The demand for cloud-based software solutions is driving growth in the intranet as a service (IaaS) industry in this region. The expansion of the intranet as a service sector is also fueled by the region’s developed infrastructure and technical advancements. Additionally, the market is stimulated by elements including the widespread presence of large companies, ongoing investments, and the emphasis on the intranet as a service application among SMEs in the region. The largest market share is held by the US market, followed by Canada and Mexico. The North America region dominated during the forecast period and is anticipated to do so going forward.

The region is one of the most significant on the global market. The market’s expansion is attributed to the presence of significant key players like Cisco, IBM, and Verizon as well as widespread implementations across sectors. Rapid advancements in IT design, such cloud and virtualization, have put a tremendous amount of pressure on network administrators to maintain intranet infrastructure. The expansion of the regional market is being fueled by the spike in demand for high-speed networks as well as competition for customers’ business among top networking and intranet providers. A sizeable percentage of the global market for intranet as a service is attributable to the North American continent. The market is developing as a result of the surging use of the intranet as a service across industries and the presence of significant important players. Additionally, in the North American region, the demand for internet infrastructure management is being driven by the quick development of IT setups like virtualization and cloud.

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